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Overall
construction spending
in the United States rose by 1.8 percent during July (the largest month-over-month
increase since May 2012), to a seasonally adjusted and annualized rate (SAAR)
of $981.3 billion. The public construction category led the overall increase on
both absolute and percentage bases.
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Click
here
for a discussion of July’s new residential permits, starts and completions.
Click here
for a discussion of new and existing home sales, inventories and prices.
The foregoing comments represent the
general economic views and analysis of Delphi
Advisors, and are provided solely for the purpose of information, instruction
and discourse. They do not constitute a solicitation or recommendation
regarding any investment.
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